Great news for Ohio NBA fans, residents will be able to bet on the NBA playoffs next year. Sports betting in Ohio is launching on Jan. 1, 2023. This means home teams like the Cleveland Cavaliers will soon be the subject of sports bets from their loyal Ohio fans. Let’s explore everything you need to know about betting on the hometown NBA team this year, as well as the best Cleveland Cavaliers odds.
Cleveland Cavaliers Odds At The Best Sportsbooks
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Where Can You Bet On The Cleveland Cavaliers?
Right now, in Ohio, you can’t bet on the Cleveland Cavaliers. Being informed throughout the NBA season will help Ohioans make the best judgment call when they are finally able to place that long-awaited wager on New Year’s Day.
Things are looking bright for the sports betting industry in Ohio, sports fans throughout the state should be excited to participate in all the basketball fun that comes in the early months of the new year. Not only will the NBA playoffs be a key event to stay tuned into, but Ohio residents can participate in NCAA March Madness for the 2022-2023 season as well for the first time.
Ohio residents will be able to bet on the Cleveland Cavaliers at both types of sportsbooks. Both mobile sports betting apps, and retail sportsbooks, may be constructed at sports bars, sports arenas, and similar locations. Ohio residents will likely find retail sportsbooks constructed at brick-and-mortar casinos, as well.
Cleveland Cavaliers Betting News And Updates
- The Cleveland Cavaliers acquired Donovan Mitchell during the NBA offseason.
- Evan Mobley is coming off an ankle injury but made his preseason debut against the Magic. The Cavaliers could not give him his regular minutes on the court in effort to ease him into the season.
- The Cleveland Cavaliers traded Lauri Markkanen from the Chicago Bulls, along with Ricky Rubio as a point guard from the Timberwolves, leaving Caris LeVert or Isaac Okoro as an addition to the top three along with Mobley and Allen.
Cleveland Cavaliers Sports Betting Promotions
For Cleveland Cavalier fans in other states, there are opportunities for you to participate in betting on the Cavaliers during opening week. Below are a few week one promotions that sportsbooks are offering to new and existing users.
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|DraftKing Sportsbook||50% Profit Boosts for any NBA Bet on 10/18 or 10/19|
|FanDuel Sportsbook||No Sweat Same Game Parlay up to $5|
|BetMGM Sportsbook||Risk-Free NBA One Game Parlay up to $25|
How Cleveland Cavaliers Betting Odds Are Calculated
Betting odds for basketball teams like the Cleveland Cavaliers are calculated thanks to the work of professional line makers or oddsmakers. These are specialized statisticians who compile official league sports data and come up with enjoyable, profitable wagers for both sides of a bet.
Betting odds are typically calculated and provided in the American Standard format, with numbers like +100 or +1.5. American sportsbooks don’t typically use a fractional sports wagering odds system, so it’s usually easy to tell where the action is when you view a specific betting line.
Furthermore, most sportsbooks use the same calculation methods, which is why you can find betting lines for a particular match with similar odds across sports betting platforms.
Cleveland Cavaliers Moneyline Odds
Cleveland Cavaliers moneyline odds offer straightforward wagering opportunities that show you the likelihood for one or the other team to win a game outright no matter the margin. Any favorite team features a “-“ and the underdog gets a “+” next to their odds. Here’s an example:
- Cleveland Cavaliers -200
- Detroit Pistons +130
The moneyline odds tell you how much money you either need to wager to win $100 or how much money you will win by wagering $100.
In the above example, if you bet on the Cavaliers, you’ll need to risk $200 to win $100 since they are favored to win the match. If you bet on the Detroit Pistons, on the other hand, you would win $130 net (you’ll get your initial $100 back plus another $30 in profit).
Cleveland Cavaliers Point Spreads
Point spread bets are popular in basketball games and will be popular for betting on the Cleveland Cavaliers in Ohio in the near future. Unfortunately, the Cleveland Cavaliers had a really bad “against the spread” history over the last basketball season.
The point spread shows a “margin of victory” that oddsmakers determine. It tells you how many points a favored team needs to win by for you to win a bet on them. On the other hand, if you bet on the underdog in a point spread bet, the underdog team just has to win the game no matter the points or lose the game by fewer points than is shown with the point spread.
Here’s an example of Cleveland Cavaliers point spread bets in action:
- Cleveland Cavaliers -3.0
- Detroit Pistons +3
In this example, the Cleveland Cavaliers need to win the game by three points or more for their bettors to win. The Detroit Pistons simply need to win no matter what or lose by less than three points for their bettors to take home cash.
Cleveland Cavaliers Futures Odds
When betting on basketball, you can’t leave out futures bets. Futures bets typically revolve around upcoming matches or even the outcome of the NBA finals. Typically, futures bets for major championships and tournaments are posted early in the season. The earlier you put your money down, the greater your potential payout if you win.
However, futures odds are changeable and fluctuate throughout the season. For example, you might see odds for the Cleveland Cavaliers to win the NBA finals at +4000 at the beginning of the season. But those odds might go down or up depending on how the Cavaliers perform.
The + or – is attached to the underdog and favorite teams to win a futures bet, respectively.
Cleveland Cavaliers Prop Bets
Prop or proposition bets are particularly fun wagers for basketball fans. They revolve around betting on a specific event outcome, such as:
- Whether a player is voted MVP
- Whether a specific player shoots a three-pointer
- Whether a player is injured
These easy wagers will probably be available at both retail and online sportsbooks.
How To Bet On The Cleveland Cavaliers In Ohio
Ohio residents will be able to bet on the Cleveland Cavaliers using online and retail sportsbooks. Should you choose to use an online sportsbook, you’ll need to follow a quick step-by-step process to get your app up and running:
- Use one of our bonus codes and download the sportsbook of your choice
- Register for the sportsbook by providing your social security number and other key information
- Deposit funds into your sportsbook account
- Navigate to the sports bet of your choice using the sportsbook interface
- Place your wager and see if you are successful!
Live Betting On Cleveland Cavaliers In Ohio
While details on Ohio’s hypothetical sports betting industry are still scarce, odds are you’ll be able to enjoy live betting on the Cleveland Cavaliers and other basketball teams. Live betting will allow you to put bets down in the middle of the action as events unfold.
Mobile apps will have special interfaces and potentially even live streaming to facilitate fun betting action for all users. The odds for live bets will be formulated using automated algorithms.
How To Bet On The NBA Finals In Ohio
All Ohio sports betting fans will be able to bet on the NBA finals using mobile sportsbooks and retail sportsbooks. You’ll also be able to place bets using desktop websites. Note that you’ll be able to place bets on the NBA finals even if the Cleveland Cavaliers don’t play, such as if they are eliminated earlier in the season.
Cleveland Cavaliers Partnerships
The Cleveland Cavaliers have partnered with Caesars Sportsbook. Caesars is great choice for a sports partnership as it is a well-known sportsbook in the sports betting industry in the US. The partnership is a first-of-its-kind of the Ohio NBA team. There are no timelines in place for the completion of the retail sportsbook that will one day be at Rocket Mortgage FieldHouse. Caesars has been granted conditional approval from the OCCC to go live at the launch of sports betting, there is hope that they could provide mobile sports betting at the venue before the retail sportsbook opens.
Cleveland Cavaliers Stadium
The home stadium of the Cleveland Cavaliers is the Rocker Mortgage FieldHouse, which is also the home of Cleveland’s American Hockey League team.
The stadium can fit nearly 19,500 people and includes a number of amenities, including areas for attendees with autism spectrum disorders and an adjacent parking garage.
Cleveland Cavaliers Odds FAQs
All betting odds for the Cleveland Cavaliers will be calculated using professional statistics and official league data.
It’s tough to say, but it’s likely that bets on the Cleveland Cavaliers will be very popular once sports betting launches.
Not yet, although they may announce one in the near future.
You’ll be able to bet on the NBA finals from anywhere in the state using a mobile sportsbook.
No, it only offers daily fantasy sports.
Not for sports betting, but FanDuel does legally offer DFS.